What were the difficulties faced by the Indian industries in the time of independence
Answers
The problem of economic instability. The problem of development that would be required for a stable economic growth. The problems of casteism,gender inequality and oppression of minority communities by the majority of the Indian population. The problem of high illiteracy amongst the poor and the rural dwellers .
Answer:
After a long struggle, Indian industry had got a little help from the British government. Yet, a very large number of factories, banks, ships etc. were in the control of Europeans. Europeans had many advantages for these companies. They could easily contact officers and authorities of the British government, whereas Indians were never able to do so. All the foreign trade was in the hands of European companies, hence, they had no shortage of funds either. Even though the Europeans had more influence on industries, Indian industrialists developed a great deal. For example, Indian industrialists were able to control the textile industry. The greatest example of the achievements of Indian industrialists was the steel factory at Jamshedpur that was set up by an industrialist named Jamshedji Tata.
Explanation:
The tax on foreign goods was a great help for the Indian industrialists from the government, but this was not sufficient. Many resources and facilities were needed such as railways, roads, electricity, coal and iron. However, the British government did not pay attention to development in these areas.Indian industrialists also had to buy all their machines from abroad. Industries that would manufacture machines had simply not started in India.For the development of industry, help was needed from scientists, engineers, and technicians. Educated workers were needed at all levels. But education was not given importance in India. Industrial development depended on foreigners because very few Indian scientists and engineers were there. In order to promote Indian industry, many organisations of industrialists were formed even during British times. One of the most important was the Federation of Indian Chambers of Commerce and Industries (FICCI). Such organisations brought up the problems of the industrialists before the government. With the end of the British rule in India and the formation of a free government, the situation changed. The government of India gave encouragement to the growth of industries in a planned manner.
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